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Coserv Charitable Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134281766 ✦ Corinth, TX ✦ Designated as a 501(c)(3)

Overview

What is Coserv Charitable Foundation?

Coserv Charitable Foundation is a nonprofit organization situated in Corinth, Texas. Their primary mission is to contribute to the well-being of their local community by financially supporting various local not-for-profits. To accomplish this, they provide both direct financial assistance to individuals and families in need and offer grants to local charities that deliver essential services. Furthermore, the foundation supports education by funding education foundations and considers requests for assistance. In total, Coserv Charitable Foundation has funded 104 grants, with 23 of them being for education foundations. Despite having 22 requests for funding turned down, the foundation remains committed to their mission.


Official website here: www.coserv.com/community

Is Coserv Charitable Foundation legitimate?

Coserv Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coserv Charitable Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.coserv.com/community

What is the mission statement of Coserv Charitable Foundation?

The Coserv Charitable Foundation's mission is centered around providing vital support to the community. It achieves this by offering financial assistance directly to individuals and their families in need, as well as making contributions to local charities and community projects. Furthermore, the foundation grants funds to local non-profit organizations that deliver essential services to the community or support educational initiatives. By doing so, the Coserv Charitable Foundation aims to enhance the well-being of its community and contribute to the success of various charitable endeavors. In the past year, the organization has funded 104 grants, which included support for 23 education foundations, while 22 funding requests were turned down.


Official website here: www.coserv.com/community

Who is the CEO of Coserv Charitable Foundation?

Brent Bishop is the Vice President of Coserv Charitable Foundation.


Official website here: www.coserv.com/community

What is the revenue of Coserv Charitable Foundation?

Coserv Charitable Foundation's revenue in 2022 was $1,652,314.


Official website here: www.coserv.com/community

Who are the executives of Coserv Charitable Foundation and what are their salaries?

Here are 7 key members and their salaries:

    Robby Hamlin (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $327,964
  • Other: $209,297

    • Denise Smithers (Director)
  • Compensation: $0
  • Related: $351,839
  • Other: $157,000

    • Jeffrey Mcneal (Director)
  • Compensation: $0
  • Related: $339,704
  • Other: $168,998

    • Greg Ward (President) [Trustee/Director]
  • Compensation: $0
  • Related: $339,037
  • Other: $161,353

    • Brent Bishop (Secretary-Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $344,895
  • Other: $152,091

    • Philip Hassel (Director)
  • Compensation: $0
  • Related: $278,087
  • Other: $132,263

    • Dyan James (Director)
  • Compensation: $0
  • Related: $276,745
  • Other: $59,877


  • Official website here: www.coserv.com/community

    Where can I find the form 990 for Coserv Charitable Foundation?

    The Coserv Charitable Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.coserv.com/community

    Learn more at the official website: www.coserv.com/community

    Mission Statement of Coserv Charitable Foundation

    Coserv Charitable Foundation is committed to making a significant impact within the community by sponsoring local non-profit organizations. Their mission is twofold. Firstly, they provide financial assistance to individuals and their families directly, offering specific aid and contributions to charities and community projects. Secondly, the foundation grants funds to local non-profit organizations that offer critical services to the community and support education. By doing so, Coserv Charitable Foundation aims to uplift families and contribute to the overall well-being of the community. In the past, they have funded 104 grants, with 23 of these going towards education foundations. However, 22 requests for funding were not granted, indicating a selective approach to their philanthropic efforts.

    Impact

    This information is meant to be a general summary of Coserv Charitable Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Coserv Charitable Foundation has a significant impact in the Corinth, TX community by providing critical services to families through sponsoring local not-for-profits. In the past year, the organization funded 104 grants, with a focus on supporting education foundations by granting 23 requests. This demonstrates their commitment to supporting education and empowering individuals and families in need. Despite denying 22 funding requests, the foundation's impact is tangible through its financial assistance and contributions to local charities and community projects. The Coserv Charitable Foundation's mission to support philanthropy and provide essential services makes a valuable difference in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $325
  • Program Service Revenue: $0
  • Gross Receipts: $1,652,314

    • Assets and Liabilities:
  • Total Assets: $179,130
  • Total Liabilities: $0
  • Net Assets: $179,130
  • Organization Details

    Founding Year

    2004

    Principal Officer

    Brent Bishop

    Main Address

    7701 SOUTH STEMMONS FREEWAY, CORINTH, TX, 762101842

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Coserv Charitable Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.